Atlas Air expects to be in black in first quarter

Atlas Air Worldwide Holdings released its preliminary unaudited estimates for the three months ended March 31 and also provided guidance for the current second quarter.
The company cautioned that owing to the fact that it emerged from Chapter 11 in July 2004 and at that point applied the provisions of fresh-start accounting, year-over-year comparisons are difficult.
For the first quarter, AAWH expects to report pre-tax income of $3-$8 million. By contrast, it reported a pre-tax loss of $57 ...